2018 GHS to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 GHS to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the GHS to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 19, valuing the pair at 757.0953. Conversely, the yearly low was recorded on August 18, dropping to 680.0000.
This high-to-low spread represents a total annual volatility of 77.0953 MGA. From a start-to-finish perspective, comparing the January average rate of 714.1052 to the December average rate of 722.1293, the exchange rate registered a net change of 1.12% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 757.0953 was down 4.75% compared to the 2017 peak of 794.8802, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
GHS to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 713.7469, compared to 713.6449 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1020 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was December, with a trading range of 47.3573 MGA (High: 752.1765 / Low: 704.8193). On the other end, April was the most stable month, with a tight range of 12.6438 MGA (High: 731.0872 / Low: 718.4434).
Growth Streaks & Declines
TrendsBetween August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 17.8858 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2018: 740.0151) against the same month in 2017 (average: 705.8764), the exchange rate shifted by +34.1387 (+4.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 723.9610 | 705.5852 | 714.1052 |
| February | 719.6146 | 699.0508 | 708.7375 |
| March | 727.9477 | 691.9428 | 711.0050 |
| April | 731.0872 | 718.4434 | 724.0044 |
| May | 722.7569 | 698.8331 | 712.9507 |
| June | 721.6863 | 692.0668 | 711.6787 |
| July | 708.4443 | 682.6183 | 697.5204 |
| August | 703.6362 | 680.0000 | 689.4553 |
| September | 722.7319 | 681.0000 | 710.5375 |
| October | 733.2537 | 694.5565 | 722.2119 |
| November | 757.0953 | 726.7144 | 740.0151 |
| December | 752.1765 | 704.8193 | 722.1293 |